BingX Announces Strategic Investment in AI and Web3 Startup Moonbox
BingX, a leading global cryptocurrency exchange, is proud to
announce a significant stride in its commitment to fostering innovation within
the blockchain and Web3 ecosystem. Through its investment arm, Bing Ventures, BingX has strategically invested in Moonbox, a
pioneering AI and Web3 startup.
Moonbox has a unique approach to reshaping the digital
landscape. Licensed to use the intellectual property of most popular classic
films of Stephen
Chow, Moonbox is set to launch a series of generative AI-powered
NFTs and applications inspired by the art and film by the end of 2023. It
believes, with the addition of an AI interaction layer, NFTs will be more
engaging, entertaining, and satisfying for users, which will ultimately lead to
NFTs being used in more types of content creation such as films and short
videos. With a plan to launch its AI-powered interaction platform, Moonbox
aspires to become one of the world's premier companies to develop immersive
experiences for individuals.
This
investment will further accelerate Moonbox's product growth and advance its
core technology, which leverages cutting-edge generative AI to fuel
applications for the evolving Web3 and NFT ecosystem.
Founded
in 2021, Bing Ventures stands as a beacon of innovation in the venture capital
landscape. Focusing on supporting early-stage startups and entrepreneurs of
Web3 and blockchain advancements, Bing Ventures boasts a team of industry
veterans and experts with extensive experience in investing, incubating,
developing, and promoting projects. With a research-driven, sector-agnostic
value investing approach, Bing Ventures has built an impressive portfolio
spanning DeFi, NFTs, GameFi, DAOs, infrastructure, and more.
"Moonbox's
fusion of AI and Web3 showcases a visionary convergence that leads us toward a
future of limitless possibilities. As Bing Ventures aligns with this innovative
force, we are excited to champion Moonbox's journey, a journey that will undoubtedly
catalyze the evolution of technology and its impact on society," remarked
Elvisco Carrington, PR and Communications Director of BingX.
BingX's strategic
investment in Moonbox signifies a strategic alignment between Bing Ventures and
BingX, underlining their shared dedication to advancing the capabilities of the
Web3 ecosystem. This investment showcases BingX's proactive approach to
identifying and supporting promising projects that have the potential to shape
the future of technology. It also marks a significant step forward in the realm
of blockchain innovations and underscores BingX's commitment to driving the
next wave of technological advancements.
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